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Sunday, November 9, 2014

Is it time to buy stocks in Brazil?




My speech continues the same (unfortunately)... IBOV with small ups and downs, long term direction is lateral (some people may say it is down) as you can see in the first chart.

This week one stock calls my attention and I will take the risk, even though IBOV is telling me to wait a little bit more. This stock is not very correlated to IBOV which may help us.

We already earned around 40% with KROT3 this year, and this week may be a good week to buy this stock (of course, only if achieves Start Gain trigger).

KROT3: Start Gain (Buy ONLY IF achieves) 18.09 ; Stop Gain (sell 70% of what you buy) +2% ; Stop Loss 16.84

Have a great week!

Leo.

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